In the last 24 hours, $ 7 billion worth of bitcoin (BTC) was traded globally. That’s according to data provided by Coinmarketcap, the industry’s go-to aggregator of cryptocurrency data. Not everyone agrees with that figure however. “Honest Coinmarketcap” is a new project that aims to set the record straight and do away with inflated trade volumes.

There’s been a lot of hype about Bitcoin power consumption, with many outlets saying that it’s getting out of control. However, it may be that such alarmist rhetoric may not be true.

This has been a remarkable year for Bitcoin, skyrocketing in value to heights few would have believed several years ago. Yet one aspect of the daddy of cryptocurrency has been generating dramatic and alarmist headlines: the energy needed to both mine Bitcoin and for transacting it. A great deal of worry and hand-wringing has been done as some say that the current pace of power use will soon outstrip that of the United States and, eventually, the world. Yet it may be that the fretting over Bitcoin power consumption is overblown. Read more...